By Foo Yun Chee BRUSSELS (Reuters) -French drugmaker Servier on Thursday lost its court battle against a European Union fine for deals with rivals to delay sales of generic copies of its top-selling b[...]
Read more
June 27, 2024
Rivian says lower-cost second generation EVs to help in push for profitability
By Akash Sriram and Abhirup Roy (Reuters) -Rivian will be able to slash a fifth of its material costs from electric SUVs and pickups by the end of 2024, CEO RJ Scaringe said on Thursday, after a recen[...]
Read more
China’s factories seen extending activity declines in June: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s manufacturing activity likely contracted for a second month in June, a Reuters poll showed on Thursday, keeping alive calls for fresh stimulus after[...]
Read more
Fed’s Bowman: not ready to cut rates until clearer inflation is ebbing
By Michael S. Derby (Reuters) – U.S. Federal Reserve Governor Michelle Bowman reiterated on Thursday that she is still not ready to support a central bank rate cut with inflation pressures still[...]
Read more
NTSB sanctions Boeing over release of 737 MAX investigation details
By David Shepardson and Allison Lampert WASHINGTON/SEATTLE (Reuters) -U.S. investigators on Thursday sanctioned Boeing for revealing details of a probe into a 737 MAX mid-air blowout and said they wou[...]
Read more
US weekly jobless claims, equipment spending data point to slowing economy
By Lucia Mutikani WASHINGTON (Reuters) – First-time applications for U.S. unemployment benefits drifted lower last week, but the number of people on jobless rolls jumped to a 2-1/2 year high in[...]
Read more
NYCB expects reverse stock split to take effect next month
(Reuters) – New York Community Bancorp’s one-for-three reverse stock split will become effective mid-to-late July, the regional lender said on Thursday. The bank’s shares are down ne[...]
Read more
UBS shakes up flagship wealth business with new unit, memo says
By Noele Illien and Oliver Hirt ZURICH (Reuters) -UBS is shaking up its wealth-management arm, the bank’s flagship business, to boost its offerings to ultra-rich clients, the division’s ne[...]
Read more
Time, OpenAI sign multi-year content deal
(Reuters) -Time magazine has signed a multi-year content deal with OpenAI that would give the ChatGPT maker access to its archive of news content, the companies said on Thursday. In response to user q[...]
Read more